A recent MNP Consumer Debt Index survey delivered a sobering snapshot of Canadian household finances: more than 14 million Canadians say they have little to no capacity to absorb an unexpected expense ...

Starting an emergency fund can be intimidating at first, especially when you haven’t saved before or created a budget plan.

And if the prospect of having to come up with extra money to cover unexpected expenses alarms you, you’re not alone: 37% of American families would struggle to cover an emergency expense of $400 ...

Most financial experts recommend building an emergency fund that could cover several months’ worth of expenses in the event you lose your job. Since your income and expenses might not be the same as ...

Take Kerry, for example. Kerry, a self-employed artist that earns roughly $80,000 a year, was wise enough to create an emergency fund. But thanks to a major home repair that wound up being quite ...

One of the easiest ways to save for an emergency fund is to not have to think about it. For example, you can automate your bank accountso that a small percentage — think 5%-10% percent to start ...

The traditional advice was to save three to six months of expenses in an emergency fund. The old rule of thumb doesn’t apply anymore because most Canadians struggle with debt, carrying an ...

So when you’ve got your first $1200 in your Emergency Fund Savings Account, you’re going to put a check-mark in one of your boxes. There. You’ve done it.

Over half of Canadians can’t cover a $1,000 emergency expense. Here’s how credit card rewards might give your emergency fund a boost. From gas to groceries to rent, many of us are facing what ...

Retirees may need a much bigger emergency fund to cover unexpected costs than they did in their working years. Here's why having emergency savings in retirement is essential, and just how much ...